ABB INDIA Announces Quarterly Results (3QFY20); Net Profit Down 49.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ABB INDIA Announces Quarterly Results (3QFY20); Net Profit Down 49.7%
Fri, 14 Feb

ABB INDIA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ABB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m19,66317,45619,53311.9%-0.7%
Other incomeRs m160164384134.1%140.4%
TurnoverRs m19,82317,62019,91713.0%0.5%
ExpensesRs m17,50916,22318,14911.9%3.7%
Gross profitRs m2,1541,234687-44.3%-68.1%
DepreciationRs m239227224-1.1%-6.1%
InterestRs m5344477.0%-10.2%
Profit before taxRs m2,0231,127800-29.0%-60.5%
TaxRs m736339153-54.8%-79.2%
Profit after taxRs m1,286788647-18.0%-49.7%
Gross profit margin%11.07.13.5
Effective tax rate%36.430.119.1
Net profit margin%6.54.53.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 0.7% on a year-on-year (YoY) basis. The expenses were up by 3.7% YoY during the same period.
  • The company's operating profit declined by 68.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.5% in 3QFY20 as against 11.0% in 3QFY19.
  • Depreciation charges declined by 6.1% and finance costs declined by 10.2% YoY, respectively.
  • Other income increased by 140.4% YoY during the quarter.
  • Net profit for the quarter declined by 49.7% YoY. Net profit margins during the quarter declined from 6.5% in 3QFY19 to 3.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.9% QoQ during the same period.
  • The company's operating profit declined by 44.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.5% in 3QFY20 as against 7.1% in 2QFY19.
  • Net profit for the quarter declined by 18.0% QoQ, while net profit margins declined from 4.5% in 2QFY19 to 3.2% in 3QFY20.

To see how ABB INDIA has performed over the last eight quarters,please visit here.

Revealed: How to Get Rich with Just 3 Stocks

ABB INDIA Share Price Performance

Over the last one year,ABB INDIA share price has moved up from Rs 1,130.7 to Rs 1,240.4, registering a Gain of Rs 109.7 or around 9.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,810.2 (down 0.1%). Over the last one year it has moved up from 16,343.3 to 16,810.2, a gain of 467 points (up 2.9%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 1,240.4, the price to earnings (P/E) ratio of ABB INDIA stands at 87.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.6 times.

Equitymaster requests your view! Post a comment on "ABB INDIA Announces Quarterly Results (3QFY20); Net Profit Down 49.7%". Click here!

  

Related Views on News

ABB INDIA Announces Quarterly Results (4QFY20); Net Profit Down 25.9% (Quarterly Result Update)

May 15, 2020 | Updated on May 15, 2020

For the quarter ended March 2020, ABB INDIA has posted a net profit of Rs 660 m (down 25.9% YoY). Sales on the other hand came in at Rs 15 bn (down 17.7% YoY). Read on for a complete analysis of ABB INDIA's quarterly results.

ABB INDIA Announces Quarterly Results (1QFY20); Net Profit Down 31.7% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, ABB INDIA has posted a net profit of Rs 697 m (down 31.7% YoY). Sales on the other hand came in at Rs 17 bn (down 36.4% YoY). Read on for a complete analysis of ABB INDIA's quarterly results.

ABB INDIA LTD. 2016-17 Annual Report Analysis (Annual Result Update)

Sep 18, 2018 | Updated on Sep 18, 2018

Here's an analysis of the annual report of ABB INDIA LTD. for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of ABB INDIA LTD.. Also includes updates on the valuation of ABB INDIA LTD..

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

How to Buy Gold and Silver(Fast Profits Daily)

Jul 27, 2020

In this video I'll show you how to buy bullion the right way.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ABB INDIA SHARE PRICE


Aug 7, 2020 (Close)

TRACK ABB INDIA

  • Track your investment in ABB INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ABB INDIA 8-QTR ANALYSIS

COMPARE ABB INDIA WITH

MARKET STATS